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the department of justice is suing the banc of america. as for defrauding investors in connection with the sale of over 850 million in residential mortgage backed securities. reporter: we should point out that bank of america issued a statement, a public release early or late last week, which said that they were about to be sued it was kind of the affirmation of that. the stock is not moving much. what's interesting is the crisis related issues that are now starting to see the governments government stepping up and holding them accountable. we still aven't seen a major figure being held accountable at this time. one thing was i have always kicked myself in the rear for this. >> you know, i was worried about going to washington and my wife didn't want to go there. they were losing circulation and i always kicked myself in the rear end thinking what if i went down there. i spoke with bob woodward yesterday he made one of the best decisions. "the washington post" is still a big newspaper. 500,000 and it's not a powerful institution as it once
the department of justice is suing the banc of america. as for defrauding investors in connection with the sale of over 850 million in residential mortgage backed securities. reporter: we should point out that bank of america issued a statement, a public release early or late last week, which said that they were about to be sued it was kind of the affirmation of that. the stock is not moving much. what's interesting is the crisis related issues that are now starting to see the governments...
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Aug 20, 2013
08/13
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bank of america of the is not saying a lot. this is a bank that was bailout by the federal government several times. they should at least have a public statement about their policies to the taxpayers. other banks are not commenting either. liz: nothing else but we are looking into it. existing conditions. >> reporter: that is what is needed. listen, like i said, half of me says he is an adult's, the gentleman that died. think he was 21, over 18. he should make up his own mind. the other half is, you know, if you had an intern -- now, i have young people working for me. i can be a pain in the rear end boss. liz: i'm shocked. >> reporter: but they're not working 24 hours a day. they're now working -- 12 hours is enough i think. just as your cell phone on all the time. but i'm just saying that you have kids working for you. would you ever let somebody work 70 hours straight? liz: but this is reminiscent of the intern and residency programs in medical schools. and my dad was a resident. today's off, one day off. >> reporter: so was
bank of america of the is not saying a lot. this is a bank that was bailout by the federal government several times. they should at least have a public statement about their policies to the taxpayers. other banks are not commenting either. liz: nothing else but we are looking into it. existing conditions. >> reporter: that is what is needed. listen, like i said, half of me says he is an adult's, the gentleman that died. think he was 21, over 18. he should make up his own mind. the other...
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america's biggest banks under siege from government investigators. this is not regulation, but investigation. chs it mean for the stature of ceos like jpmorgan's jamie dimo, n, and how concerned should you be if you own the stocks? it could affect them. a fox business exclusive giving assessments of the risks to your portfolio, and he just came out with a note on this. you need to hear what he says in the perception about this. and it seems hedge fund billionaire dan loeb wants to be bff's forever with george clooney after the very public feud over sony and its future. we were on the story from the start. when we come back, the very latest. ♪ with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purche every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why sele for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark busines
america's biggest banks under siege from government investigators. this is not regulation, but investigation. chs it mean for the stature of ceos like jpmorgan's jamie dimo, n, and how concerned should you be if you own the stocks? it could affect them. a fox business exclusive giving assessments of the risks to your portfolio, and he just came out with a note on this. you need to hear what he says in the perception about this. and it seems hedge fund billionaire dan loeb wants to be bff's...
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one of america's biggest banks. the class of new hires to one of the financial industry's most important. willing to year but this one. what a difference a single day makes. j.c. penney ceo comes out swinging after a newspaper report that since his stock plunging. twenty-four hours later is it time for you to size of the stock? [ male announcer ] meet mary. she loves to shop online th her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunately, millions of americans just like you arn all it may take is a little misplaced information to wreak havoc on your life. this is entity theft. and no one helps stop it better than lifeloc lifelock has the most comprehensive identity theft protection availabl if mary had lifelock's bank account alerts, she may have been notifi in time to help stop it. lifelock's member notificion service is on the job 24/7. when you receive a text, e-mail, or phone alert, you can respond instantly if y
one of america's biggest banks. the class of new hires to one of the financial industry's most important. willing to year but this one. what a difference a single day makes. j.c. penney ceo comes out swinging after a newspaper report that since his stock plunging. twenty-four hours later is it time for you to size of the stock? [ male announcer ] meet mary. she loves to shop online th her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and...
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Aug 15, 2013
08/13
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. >> reporter: america macabre and gold. what is interesting about the trade today, we see gold for december delivery settling about $28. 1,361 or thereabouts. the physical market, the delivery there is really tight. it big asian demand, but what we want to return to is what is going on with the paper trades in the exchange-rate as products in gold, down about $58 billion so far this year. it has been on a rocket ride since december 2008. then it went up 71,894 in july and august of 2011. that starts coming back down this year. the cftc was really clear that the commodities futures trading commission has data on the long positions, the bullish bets on gold. they sort of mirror what is going on with a hedge fund guys. the bullish bets for the long positions have been cut by 70%. that is a big number. 70 percent cut again in the futures and options on the net loss position in gold futures delivery. want to give you one final newsbreak. breaking news coming out. forbes magazine is telling the math on john paulson potential hedg
. >> reporter: america macabre and gold. what is interesting about the trade today, we see gold for december delivery settling about $28. 1,361 or thereabouts. the physical market, the delivery there is really tight. it big asian demand, but what we want to return to is what is going on with the paper trades in the exchange-rate as products in gold, down about $58 billion so far this year. it has been on a rocket ride since december 2008. then it went up 71,894 in july and august of 2011....
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Aug 22, 2013
08/13
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the, atlantic america corp has very slowly but surely begun. very small takes. trading volume. >> on the nasdaq. liz: correct. that is what we're talking about. a a.m. he is what is trading. it is certainly not an intel corporation cool, but all other securities, were still waiting for most of them. 3:25 p.m. >> i would say this, there are two stories here. obviously this ever security story. if this was some sort of hacker, a big problem. there's the other security that the sec will not address, the other story which is that our markets are convoluted. nasdaq traded stocks are trading elsewhere. we don't know exactly what those prices are. it's going on as we speak. that's why these traders, most of them could not care less about the average investor, are very call right now. the average investor who does not know exactly what they're getting, at what price. liz: let's get a trader down at the new york stock exchange. a real live one, not electronic. >> and one that does care about individual investors. >> please go ahead. >> clearly the technology glitch will
the, atlantic america corp has very slowly but surely begun. very small takes. trading volume. >> on the nasdaq. liz: correct. that is what we're talking about. a a.m. he is what is trading. it is certainly not an intel corporation cool, but all other securities, were still waiting for most of them. 3:25 p.m. >> i would say this, there are two stories here. obviously this ever security story. if this was some sort of hacker, a big problem. there's the other security that the sec...
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Aug 23, 2013
08/13
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the most highly recommended bed in america. buy a tempur-pedic mattress set and get a free twin tempur-simplicity mattress. find a store near you at tempurpedic.com. liz: here's a name coming a long way from a fumbled ipo, facebook. trading at an all-time high, finally. >> i'm sure mark says, see, i told you guys, i told you when it was 20 that we were not fairly valued and going higher. today, once again, a new high for facebook and not the all-time highs, those were $45 on last may when they had the ipo, but the fact it broke the $38ipo price and broke 40 bucks, trade, traded at 40.633 a share, a big deal for facebook as they continue to expand revenue, mobile ad revenue. you heard mark talking about the untapped merging markets and countries where people don't have mobile and phones, and he'd like to be able to figure out a way to get it to millions of more users so i don't think the story of facebook is over, not yet. back to you. liz: a nice story, but we'll never know, but how much higher the stock might have been had a y
the most highly recommended bed in america. buy a tempur-pedic mattress set and get a free twin tempur-simplicity mattress. find a store near you at tempurpedic.com. liz: here's a name coming a long way from a fumbled ipo, facebook. trading at an all-time high, finally. >> i'm sure mark says, see, i told you guys, i told you when it was 20 that we were not fairly valued and going higher. today, once again, a new high for facebook and not the all-time highs, those were $45 on last may when...
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that includes some of america's most vocal critics. we should not forget the difference between the ability of our government to collect information online under strict guidelines and for narrow purposes and the willingness of some other governments to throw their own citizens in prison for what they say online. let me close with one additional thought. the men and women of our intelligence community work every single day to keep us safe because they love this country and believe in our values. they are patriots, i believe those who have lawfully raised their voices on behalf of privacy and civil liberties are also patriots who love our country and want us to live up to our highest ideals. so this is how we're going to resolve our differences in the united states through vigorous debate guided by the constitution with reverence for our history as a nation of laws and with respect for the facts. with that i'll take questions. we'll start with julie of the ap. >> thank you, mr. president. wanted to ask of the foreign-policy followed of t
that includes some of america's most vocal critics. we should not forget the difference between the ability of our government to collect information online under strict guidelines and for narrow purposes and the willingness of some other governments to throw their own citizens in prison for what they say online. let me close with one additional thought. the men and women of our intelligence community work every single day to keep us safe because they love this country and believe in our values....
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Aug 16, 2013
08/13
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we spoke with the ceo of north america. he told us that this car could be a game changer. >> if there is any place in the world where all car enthusiasts gather, it is pebble beach. you need to be here and display your cars and have people drive them. adam: i want to tell you something more about this car. entry point is about $45,000. take a look at what you will get inside. the yuppies are now grandparents. this will be for people in their early 40s. you will not see this in four doors. it will be a two door car. this car at $45,000 gives you an entry point that competes with the new luxuries level range. you cannot get it, however, until around november. what is it that you said, a penguin in a chicken cage? charles: i am so jealous. have a great time. "the closing bell" is going to ring and a little less than 20 minutes. maybe it could actually be a huge buying opportunity for investors. in a moment, we will get some specific stock picks. ♪ she knows you like no one else. and you wouldn't have it any other way. but yo
we spoke with the ceo of north america. he told us that this car could be a game changer. >> if there is any place in the world where all car enthusiasts gather, it is pebble beach. you need to be here and display your cars and have people drive them. adam: i want to tell you something more about this car. entry point is about $45,000. take a look at what you will get inside. the yuppies are now grandparents. this will be for people in their early 40s. you will not see this in four doors....
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Aug 19, 2013
08/13
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and it is one of the great industries in america. we think that going forward there will continue to make money and continue to surprise investors liz: we want you to surprise us with some names. before we get to that, you are saying the you are obsessed with the united states. how are you specifically looking for a stock? what are some of the rules you adhere to? >> well, we research virtually everything that comes to our attention that sounds as if it is something that we should research. our analysts, we have five bright young fellows that to research for us. effective last june and may 2100 company contacts. that is about 750 different companies. so we are just searching all the time. the whole universe is at our disposal. like i say, we are not concerned about what is going on in europe or what interest rates happen to be. if any of the noise that occurs in the market, we look at companies. we find a company that we think is a good investment we stick our necks out and make it. liz: we have your top holdings appear, but now we'r
and it is one of the great industries in america. we think that going forward there will continue to make money and continue to surprise investors liz: we want you to surprise us with some names. before we get to that, you are saying the you are obsessed with the united states. how are you specifically looking for a stock? what are some of the rules you adhere to? >> well, we research virtually everything that comes to our attention that sounds as if it is something that we should...
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david: bank of america disclosing it is facing
david: bank of america disclosing it is facing
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Aug 26, 2013
08/13
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bringing in lauren and sandra smith at the america tile -- mother chan tile exchange. chemical weapons used in syria, how does that play into oil? priced in, disruptions in the middle east? >> no, it's something the oil markets are going to be watching closely, adam, and we are hearing that he is confirming that chemical weapons were used over in syria, and this is a big change for the market. they were waiting on this statement for quite some time, and oil prices now back above $106 a barrel, still down on the session because we got weaker than expected economic news on durable goods orders, new home sales last friday, and that's still weighing on the oil market, but there's a huge middle east premium built into the price of crude right now, and, adam, as far as the trade is concerned, there's a note basically saying they have upside potential in crude, but not much. talking about syria here, it is an oil producer, but not a huge oil producer, and the reason why there's a premium in oil because of the concern of the ripple effect that could happen in the middle east a
bringing in lauren and sandra smith at the america tile -- mother chan tile exchange. chemical weapons used in syria, how does that play into oil? priced in, disruptions in the middle east? >> no, it's something the oil markets are going to be watching closely, adam, and we are hearing that he is confirming that chemical weapons were used over in syria, and this is a big change for the market. they were waiting on this statement for quite some time, and oil prices now back above $106 a...
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but pop-up bank of america stock. at the moment for 1451, still well off of annual lows. also down, but really just slightly. nothing pretty dramatic. there we go. just a fraction. did get beaten up a bit today, smacked around after revenue came up short on earnings after the bell yesterday. one reason, concern about this, the box office flop, the lone ranger, which failed to live up to 200 -- actually, dennis kneale just said more than 300 million if you count marketing. it cost a lot of money and only made 86 million. incidentally, johnny depp, right there on the screen, mark waugh burke says they think critics are to blame for the movie's failure. crimea river. critics have existed forever. the critics do not like it. listen, one bad review on broadway when your show closes. let's get right to the floor show. adam shapiro at the stock exchange, traders said the cme and nymex. also joined by portfolio manager neil tennessee. i will begin with our nyse trader looking specifically, at the moment, bob at the cme. what is going on when it comes to the trading activities tod
but pop-up bank of america stock. at the moment for 1451, still well off of annual lows. also down, but really just slightly. nothing pretty dramatic. there we go. just a fraction. did get beaten up a bit today, smacked around after revenue came up short on earnings after the bell yesterday. one reason, concern about this, the box office flop, the lone ranger, which failed to live up to 200 -- actually, dennis kneale just said more than 300 million if you count marketing. it cost a lot of money...
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Aug 29, 2013
08/13
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they say the move reflects continued improvement in the company's profitability here in north america and stabilization in europe. they also had that it could lead to an upgrade for general motors in the next 24 months. cheryl: we will see you very soon. we are rounding out the month of august, youucannot help but wonder if the markets did not get ahead of themselves. >> i think that is probably right. the trend is still negative. the market set to close down about 2.5%. this is a little bit of a concern with the rise of oil prices that we have seen. my thinking is, you may be able to bounce through the holiday. on average, stocks tend to do well before and after. we will see what we did. we need to make a lot more progress to the upside. the tapering is still lingering. i want to take that over to scott at the cme. we have to go back to last year. middle of september, that may be an issue. that could be another market negative. >> right. the market is arguing with itself right now. we have a new fed chair on the horizon. we have obamacare on the horizon. there is a lot that we have t
they say the move reflects continued improvement in the company's profitability here in north america and stabilization in europe. they also had that it could lead to an upgrade for general motors in the next 24 months. cheryl: we will see you very soon. we are rounding out the month of august, youucannot help but wonder if the markets did not get ahead of themselves. >> i think that is probably right. the trend is still negative. the market set to close down about 2.5%. this is a little...
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Aug 27, 2013
08/13
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bank of america, microsoft, united technologies, these are your liger's, but it has been a rough day, down 161 points, and one point we were down 1,401,600 change. on the dow, but again a rough day, where concerned of syria over there. earnings coming out after the bell, the volatility was rising today, the dow and the s&p basically at two-month lows at this point. trading at levels not seen since july 8 at this point. the market very nervous of geopolitical concerns. david: only down 160 points? the bottom line is this looks awful and is awful, but a lot of nervous nelly's out there now. we have somebody coming up saying we already found the bottom. first talk about volatility. as we were talking about a lot of nervousness, a big jump, way up to about 12%. lauren: tough day. a rise of 13.5%. today alone a rise yesterday as well. the fear is back. cheryl: crude is rallying. >lauren: crude went through 109 per barrel. down about two and .5% but every company from the railroad like union pacific and fedex to ch robinson all down, down sharply. david: one commodity in particular, gold. t
bank of america, microsoft, united technologies, these are your liger's, but it has been a rough day, down 161 points, and one point we were down 1,401,600 change. on the dow, but again a rough day, where concerned of syria over there. earnings coming out after the bell, the volatility was rising today, the dow and the s&p basically at two-month lows at this point. trading at levels not seen since july 8 at this point. the market very nervous of geopolitical concerns. david: only down 160...
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Aug 21, 2013
08/13
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adam: i know we will be talking about bank of america and financials later on. i want to point out they are up when others are getting paul dalby at any installation for many of the traders why they are doing well? nicole: worth taking a look at the dow jones industrials are down triple digits. 45th day in a row here, the sixth day i believe it is. we have not seen that for 2013 at all selling one day after another. liz: we lost the gains that we got after the losses we saw on the fed minutes report. that of course is from the july meeting. thousands on intraday charts to the lower right of the screen. we will flip through all of them but as the bells ring on wall street, the wall street got crumbled on the stock market. dow jones industrials are than 18 points, at a loss of about 103. triple digit loss under 1%. losing half a percent, russell 2000 getting hammered to the tune of three quarters of a percent. the front page headlines come existing home sales jumping to the highest level in more than three years in july. national association of realtors said the n
adam: i know we will be talking about bank of america and financials later on. i want to point out they are up when others are getting paul dalby at any installation for many of the traders why they are doing well? nicole: worth taking a look at the dow jones industrials are down triple digits. 45th day in a row here, the sixth day i believe it is. we have not seen that for 2013 at all selling one day after another. liz: we lost the gains that we got after the losses we saw on the fed minutes...
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Aug 28, 2013
08/13
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bank of america, the vampire squid. now it's j.p. morgan. but here's the problem. the bigger than these other firms. moorlands to regulate, so have more problems. and the other thing is -- and tell you, you can't really discount this. i've known and. since neither the said gray hair. in know, there was a case to be made that he was just a little too arrogant. i'm not saying he is, but that's what of the people will say. he came out a little too strongly on certain things, that a basically a tax dodd-frank a little too strenuously. when you put all this together he has a big target on the said. in the tell you this, not saying he will resign, but something will happen structurally to that bank. that is the big prediction. when i say structurally. cheryl: they survived it, the splitting of the roles. so far he has survived in the of his critics. >> that's now. they don't have the final say. the regulators have the final say. what of saying is that once this bank if you're an investor. then make a ton of money. they have to pay a timeout. have been reporting this for
bank of america, the vampire squid. now it's j.p. morgan. but here's the problem. the bigger than these other firms. moorlands to regulate, so have more problems. and the other thing is -- and tell you, you can't really discount this. i've known and. since neither the said gray hair. in know, there was a case to be made that he was just a little too arrogant. i'm not saying he is, but that's what of the people will say. he came out a little too strongly on certain things, that a basically a tax...